India may soon mandate the invoice management system ... check tax evasion, improve GST audits, and make it difficult for businesses to under-report sales, according to experts.
Officials said that the the accused set up shell entities with no legitimate business operations, generating fake invoices and e-way ... rotated to obtain new GST registrations and evade detection.
The Pune Zonal Unit of DGGI has uncovered a GST evasion scheme involving ₹1,196 crore, arresting one individual. A network of ...
Thane CGST officers busted a ₹140 crore fake GST invoice racket led by Mahamad Sultan Kapadiya, who created 18 dummy firms for fraudulent ITC claims.
Centre's decision to amend a section of the Good and Services Tax (GST) Act retrospectively in the Union Budget for 2025-26 may face legal scrutiny, as the government’s review petition on a ...
The federal GST holiday should remain in place for restaurants to help drive sales at a time when the sector is facing serious challenges, says the managing partner of the Fireside Grill.
Summary: GST officials have raised tax demands of approximately ₹1 lakh crore due to fake invoices for the 2017-18 financial year. Taxpayers who can substantiate their invoices with proper ...
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Investopedia / Michela Buttignol A generation-skipping trust (GST) is a type of legally binding trust agreement in which the contributed assets are passed down to the grantor's grandchildren.
The Goods and Services Tax (GST) has been a cornerstone of fiscal reform in India. The shift to GST aimed to dismantle the complex, multilayered national tax structure and replace it with a more ...
Central Board of Indirect Taxes & Custom (CBIC) has notified 18 per cent GST on sale margin of old and used electric vehicles and smaller petrol & diesel cars. Also, 5-star hotels with room tariff ...